Japanese auto production plunges 60.1% in April

Japanese automobile production plummeted a record 60.1 percent from a year earlier in April, because of the shortage of parts and harm to facilities following the March 11 earthquake and tsunami, the Japan Automobile Manufacturers Association (JAMA) stated in a report on Tuesday.

Production of vehicles dropped to 292,001 inside the recording period, from 731,829 units produced inside the same month a year earlier, the association stated.

Due to the production slump, exports of automobiles fell 67.8 percent in April from the exact same time a year earlier to 126,061 units, with the value of vehicles shipped falling an annual 48.3 percent in April, JAMA said.

Domestic sales also took a hit because of the March twin disasters standing at 185,673 units, down 47.three percent from a year earlier.

Posted in: Japanese auto production plunges 60.1% in April